Rocco Rossi Campaign for Mayor

Rocco Rossi Campaign for Mayor

July 13, 2010 18:09 ET

"Face Facts: Toronto is the Financial Capital of Canada," Mayoral Candidate Rocco Rossi Says

Rocco Rossi Responds to Federal Government's Plan of Regional Office Structure for National Securities Regulators

TORONTO, ONTARIO--(Marketwire - July 13, 2010) - Mayoral candidate Rocco Rossi stated today that Toronto is the clear financial capital of Canada and that by refusing to place a new national securities headquarters in Toronto, the federal government is ignoring that reality.

"No one in the world thinks the financial capital of Canada is anywhere but Toronto," said Mr. Rossi. "It is crazy to think otherwise."

The statement came in response to today's news that the federal government wants to set up regional offices for the new regulator instead one centralized office.

"Prime Minister Harper needs to have the courage to make the choice that he knows full well is best for this country. Stop undercutting Toronto," Mr. Rossi said.

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